Smith and the Brewers agreed to terms on a one-year, $1.475 million deal Friday, avoiding arbitration, Jeff Passan of Yahoo! Sports reports.
Smith will return as arguably the Brewers' best reliever after posting a 2.70 ERA and 1.20 WHIP with 91 strikeouts in 63.1 innings as the setup man in 2015. With Francisco Rodriguez now in Detroit, Smith could be in line to step into a closing role.